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This course teaches you the fundamentals of EVM so you can understand how to establish an effective project baseline & monitor project progress against known expectations.

  • Course Start Date: 2019-07-22
  • Time: 12:00:00 - 18:00:00
  • Duration: 4 days 12:00 PM - 06:00 PM
  • Location: Virtual
  • Delivery Methods(s): Virtual Instructor Led
$1,885.50
REGULAR PRICE $2,095.00 Save $209.50
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Course Outline

Pre-Requisites

- Project Management Fundamentals, IT Project Management, or Applied Project Management Boot Camp - Project Management Fundamentals (PM01) - IT Project Management (PM11) - Applied Project Management (PM08)

Lessons

This course teaches you the fundamentals of EVM so you can understand how to establish an effective project baseline and monitor project progress against known expectations.

Learn how EVM is integrated throughout the project life cycle. Practice the activities you go through to establish an effective baseline. Identify the critical data points that must be collected to analyze project progress. Learn to conduct trend analysis, calculate actual cost, and accurately project final cost, schedule, and performance variances. Understand how change impacts EVM and how approved changes can impact your original baseline. Identify the stakeholders who would benefit from EVM data and learn effective communication methods. Finally, review the differences of EVM in a corporate and federal environment.

Students pursuing a university-recognized and/or accredited certificate in Canada or continuing education units in the US must attend at least 90% of class time, participate in class exercises and section-knowledge checks, and score at least 70% on an end-of-class, multiple-choice assessment.

What You'll Learn
  • Why EVM is important
  • Establishing and managing scope, schedule, and budget
  • Creating a reasonable baseline
  • Integrating project planning and EVM
  • Monitoring and controlling the baseline
  • Monitoring and controlling scope, schedule, and cost
  • Collecting and analyzing data
  • Forecasting final variances
  • Managing change and the impact to EVM
  • The difference between EVM in corporations and in the federal environment
Who Needs to Attend

Project managers, IT project managers, project coordinators, project analysts, project leaders, senior project managers, team leaders, product managers, and program managers.

Hands-On Exercises
  • Identify contract negotiation parameters
  • Create milestones and a performance measurement baseline
  • Measure progress
  • End-of-project reporting with scope changes
  • Scope analysis: prepare a work breakdown structure
  • Create a project schedule
  • Create CAPs for the project and prepare a budget estimate
  • Complete an earned value baseline
  • Monitor project performance
  • Prepare a status report
Course Outline

1. Introduction to Earned Value Management

  • The need for EVM
  • Project dilemma
  • The role of EVM: Monitoring projects
  • Project controls
  • Management by milestones
  • Characteristics of EVM
  • Milestones
  • Milestones as measures
  • EVM project planning
  • EVM terminology
  • EVM statistics
  • EVM data
  • Basic EVM terminology illustrated
  • Performance statistics
  • Forecasting
  • Management by exception
  • The value of earned value
2. History of EVM
  • A hundred years of evolution
  • Cost control for government
  • Limited adoption in private sector
  • A simpler version: EVMS
  • Back to basic earned value principles
3. Ingredients necessary for EVM
  • EVM planning overview
  • Management questions answered by EVM
  • EVM stages
  • Precision and rigor
  • Three-dimensional view of a project
4. Defining scope
  • Defining the work to be done
  • What's in and what's out
  • Work breakdown structure
  • Decomposition to work packages
  • Decomposition to task and activity
  • WBS terminology
  • WBS principles
5. Scheduling the project
  • Scope and then schedule
  • EVM scheduling requirements
  • Master schedule
  • Vertical integration
  • Horizontal integration
  • Example schedule
6. Integrating scope, schedule, and costs through CAPs
  • Control account plans
  • The role of CAPs
  • CAP ingredients
  • CAP size and number
  • The CAP rule
  • CAP example
  • What is left to complete a project plan?
7. Establishing an EV measurement baseline
  • EV measurement baseline
  • Questions answered by the baseline
  • Planning and measuring earned value
  • Establishing an EV measurement system
  • Considerations for choosing a measurement method
  • Methods used to plan and measure EV
  • Example CAP with EV measures
  • Project cost baseline
  • PMB components
  • Managing change
8. Monitoring performance against baseline
  • Monitoring starts at the task level
  • Trend indicator
  • Management by exception
  • Cost performance index
  • Using the CPI
  • Schedule performance index
  • Using the SPI
  • Cumulative vs. periodic data
9. Forecasting final cost and schedule results
  • Management with the headlights on
  • Factors determining project results
  • Statistical forecasts
  • Estimate at complete
  • To complete performance index
  • Schedule forecasting - EACt
10. EVM criteria review
  • EVM overview
  • Implementing EVM


Cancellation Policy

We require 16 calendar days notice to reschedule or cancel any registration. Failure to provide the required notification will result in 100% charge of the course. If a student does not attend a scheduled course without prior notification it will result in full forfeiture of the funds and no reschedule will be allowed. Within the required notification period, only student substitutions will be permitted. Reschedules are permitted at anytime with 16 or more calendar days notice. Enrollments must be rescheduled within six months of the cancel date or funds on account will be forfeited.

Training Location

Online Classroom
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About Global Knowledge

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Global Knowledge is the world's leading learning services and professional development solutions provider. We deliver learning solutions to support customers as they adapt to key business transformations and technological advancements that drive the way that organizations around the world differentiate themselves and thrive. Our learning programs, whether designed for a global organization or an individual professional, help businesses close skills gaps and foster an environment of continuous talent development.

Training Provider Rating

This vendor has an overall average rating of 4.39 out of 5 based on 424 reviews.

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Wasn’t as advanced as I thought it would be. There was an issue when the day my course was the first time they used a new platfo ... Read more
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Wasn’t as advanced as I thought it would be. There was an issue when the day my course was the first time they used a new platform.. from adobe to something called zoom; I had to call support line cause it stated our instructor wasn’t present. Thankfully I called cause everyone online was in the adobe virtual classroom waiting for what looked like a teacher who didn’t show up for class (IT didn’t get anything resolved until 10mins after start time). I felt like he was really getting hung up on very basic knowledge for the first half of the course (talking about how to create tabs and drag formulas as an example). I completed files a few times before he was done explaining. There was a scheduled fire drill for them (roughly 30mins)that also cut into our time, which wasn’t deducted from the hour lunch break or the two, fifteen min breaks. I also really wish he touched base more on the automating workbook functions portion which we barely did. I'm happy there were/are those study guides (learning videos) and exams to take on my own time that I hope after I've had the class are still available for me to learn from.

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It was difficult to practice on my PC while trying to watch the presentation online.
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David was excellent!! I am very for having this course!!

Course Reviews

This course has an overall avarage rating of 3.31 out of 5 based on 1 reviews.

Previous

Emma R attended this course Apr 2016

Course Content

Delivery Structure

Instructor Ability

This is one of those courses similar to a number of them at Global Knowledge that could be done in 2 days or less. We spent about l50-60% o... Read more
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This is one of those courses similar to a number of them at Global Knowledge that could be done in 2 days or less. We spent about l50-60% of the time working on the exercises which is fine, however it would be more helpful if at least half of the exercises were done in the class by the instructor and work through rather than just showing an talking to the canned answers on the workbook. Also, I find it very cumbersome when Global Knowledge now provided one book (course materials & exercise workbook) in one. The entire class spent way to much time flipping back and forth between the course content & the workbook when we were doing the exercises, what a waste of time!